CHAMPION Communication Services, Inc. - Announces Fourth Quarter Earnings

Apr 11, 2001, 01:00 ET from CHAMPION Communication Services, Inc.

    THE WOODLANDS, Texas, April 11 /PRNewswire/ -- CHAMPION Communication
 Services, Inc. (OTC Bulletin Board:   CCMS; CDNX: YCJ) (the "Company") announced
 today audited financial results for the fourth quarter and year ended
 December 31, 2000.  All amounts are in U.S. dollars.
     The Company reported revenues for the fourth quarter ended December 31,
 2000 of $1,431,000 compared with $1,974,000 for the same quarter ended
 December 31, 1999.  For the fourth quarter 2000, the net loss was $497,000,
 compared with a net loss of $604,000 for the same quarter 1999.
     Revenues for the year ended December 31, 2000 were $7,271,000 compared
 with $7,897,000 for the year ended December 31, 1999.  Dispatch communication
 and equipment sales revenues decreased $1,495,000.  This is due to continued
 migration from the rural community repeater areas to the concentration of
 trunking in the Major Metropolitan Areas combined with the redirection of
 marketing to encompass only equipment sales deployed on Champion
 infrastructure.  This reduction in revenue was offset by the increase in
 spectrum sales of $1,054,000.
     Net loss for the year ended December 31, 2000 was $371,000, compared to
 $1,353,000 in 1999.  Basic and diluted net loss per common share was $0.06 per
 share in 2000 and $0.22 per share in 1999.  The decrease in the net loss is
 attributable to the successful closing, with FCC consent, of several license
 sales and gains recognized on the sale of non-core business.
     The Company expects a number of spectrum sale contracts executed during
 2000 to close, with FCC consent, which will result in additional margins and
 capital gains during 2001.  The Company is also experiencing positive results
 from the new program adopted in 2000 of highly focused equipment sales on the
 Company's infrastructure.
     CHAMPION is a publicly owned company which trades on the Canadian Venture
 Exchange and U.S. Over the Counter Bulletin Board and is a leader in wireless
 UHF trunked two-way communications.
     As of March 30, 2001, there were 6,195,418 shares of the Company's common
 stock issued and outstanding.
 
      For further information contact:
      Mr. Albert F. Richmond, President and Chief Executive Officer
      Telephone:  1-800-614-6500
      Fax:        1-281-364-1603
 
     Please note that this press release contains forward-looking statements
 that are made pursuant to the safe harbor provisions of the Private Securities
 Litigation Reform Act of 1995.  Except for historical information, the matters
 discussed in this press release are subject to certain risks and uncertainties
 that could cause the actual results to differ materially from those projected.
 Factors that could cause actual results to differ materially include, but are
 not limited to, the following:  the Federal Communications Commission granting
 the requested license transfers; fluctuations in the Company's tower rental
 expenses; inventory and loan balances; competition; acquisition and expansion
 risk; liquidity and capital requirements; government regulation; the Company's
 ability to acquire and sell spectrum; and other factors listed from time to
 time in the Company's SEC reports.
 
 

SOURCE CHAMPION Communication Services, Inc.
    THE WOODLANDS, Texas, April 11 /PRNewswire/ -- CHAMPION Communication
 Services, Inc. (OTC Bulletin Board:   CCMS; CDNX: YCJ) (the "Company") announced
 today audited financial results for the fourth quarter and year ended
 December 31, 2000.  All amounts are in U.S. dollars.
     The Company reported revenues for the fourth quarter ended December 31,
 2000 of $1,431,000 compared with $1,974,000 for the same quarter ended
 December 31, 1999.  For the fourth quarter 2000, the net loss was $497,000,
 compared with a net loss of $604,000 for the same quarter 1999.
     Revenues for the year ended December 31, 2000 were $7,271,000 compared
 with $7,897,000 for the year ended December 31, 1999.  Dispatch communication
 and equipment sales revenues decreased $1,495,000.  This is due to continued
 migration from the rural community repeater areas to the concentration of
 trunking in the Major Metropolitan Areas combined with the redirection of
 marketing to encompass only equipment sales deployed on Champion
 infrastructure.  This reduction in revenue was offset by the increase in
 spectrum sales of $1,054,000.
     Net loss for the year ended December 31, 2000 was $371,000, compared to
 $1,353,000 in 1999.  Basic and diluted net loss per common share was $0.06 per
 share in 2000 and $0.22 per share in 1999.  The decrease in the net loss is
 attributable to the successful closing, with FCC consent, of several license
 sales and gains recognized on the sale of non-core business.
     The Company expects a number of spectrum sale contracts executed during
 2000 to close, with FCC consent, which will result in additional margins and
 capital gains during 2001.  The Company is also experiencing positive results
 from the new program adopted in 2000 of highly focused equipment sales on the
 Company's infrastructure.
     CHAMPION is a publicly owned company which trades on the Canadian Venture
 Exchange and U.S. Over the Counter Bulletin Board and is a leader in wireless
 UHF trunked two-way communications.
     As of March 30, 2001, there were 6,195,418 shares of the Company's common
 stock issued and outstanding.
 
      For further information contact:
      Mr. Albert F. Richmond, President and Chief Executive Officer
      Telephone:  1-800-614-6500
      Fax:        1-281-364-1603
 
     Please note that this press release contains forward-looking statements
 that are made pursuant to the safe harbor provisions of the Private Securities
 Litigation Reform Act of 1995.  Except for historical information, the matters
 discussed in this press release are subject to certain risks and uncertainties
 that could cause the actual results to differ materially from those projected.
 Factors that could cause actual results to differ materially include, but are
 not limited to, the following:  the Federal Communications Commission granting
 the requested license transfers; fluctuations in the Company's tower rental
 expenses; inventory and loan balances; competition; acquisition and expansion
 risk; liquidity and capital requirements; government regulation; the Company's
 ability to acquire and sell spectrum; and other factors listed from time to
 time in the Company's SEC reports.
 
 SOURCE  CHAMPION Communication Services, Inc.